Stainless Steel 3D Printing is a technique that involves the binding layers of stainless steel powder with the bonding agent. This powder is settled at the bottom of a build box and then selectively sprays a binder solution on the head of the metal. A heating lamp is then used to dry the layer of the model as outlined by the binding agent in order to produce a defined product. It is the most preferred material for 3D printing, owing to its mechanical and physical properties. One of the major applications of these is in the healthcare sector such as make surgical tools and instruments and dental implants. Thus the need for different types of equipment in different genres has increased the market demand.This growth is primarily driven by The Rising Benefits of these materials such as Durability, Low cost, High-tensile strength, High-temperature resistance, and Elasticity is Growing the Demand.
Globally, a noticeable market trend is evident The Advent of Cloud-Based 3D Printing Services is a Market Trend. Major Vendors, such as Sandvik AB (Sweden), GE Additive (United States), Stratasys Ltd. (United States), LPW Technology (United Kingdom), 3D Systems Corporation (United States), Carpenter Technology Corporation (United States), AMC Powders (China), Praxair (United States), Concept Laser GmbH (Germany) and EOS GmbH (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In July 2018, GE Additive has signed an MOU with Burloak Technologies, Carpenter Technology Corporation, and Proto Labs Inc. to join its Manufacturing Partner Network (MPN) in order to grow the business.
- The Rising Benefits of these materials such as Durability, Low cost, High-tensile strength, High-temperature resistance, and Elasticity is Growing the Demand
- The Advent of Cloud-Based 3D Printing Services is a Market Trend
- Concern Related to High Energy Consumption
- Availability of other Products in Market
- Limitation of Printer Size
Improvements in-Market consolidation, and a Growing Number of End-Use industries is Boosting the Demand
High Raw Material Cost for Using this Technology and Limited Material Requirements of Functional Products
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